Qingdao Beihai Shipbuilding Heavy Industry Co., Ltd. (BSIC), which was first established in 1898 and is now one of the large key shipyards under the China Shipbuilding Industry Corporation (CSIC), is mainly engaged in the businesses of shipbuilding, ship-repairing and conversion, building of and repairing on off-shore projects, building of large-size steel structures, designing and building of GRP boats and relative davits.